Activity-based Cost Management: An Executive's Guide

Rating:
Summary: Great starting point and continuing reference
Review: This book is an excellent resource for learning and understanding ABC accounting. Unlike many web articles and white papers, Gary's book is a practical not academic approach from someone who has been there, done that, and has the t-shirt. It's filled with lots of explanatory diagrams which help to visualize the concepts presented and are useful when presenting on a high-level to executives under time constraints for reading. Chapter 1 clearly presents ABC basic concepts while Chapter 2 is a direct follow-on expanding the depth and breath of those basic concepts. Chapter 3 addresses the question that all senior management wants to know: Are all your trading partners worth it to you? Subsequent chapters focus on typical ABC modeling applications most relevant to organizations. Chapter 6 gives a very good cross-comparison of project/work order costing vs. ABC that is very helpful to project-centric organizations in understanding how ABC differentiates itself. Chapter 7 succinctly places ABC software in the reengineering software spectrum without getting lost in a technological morass. Chapter 9 addresses rapid prototyping for getting initial results from the methodology that can be tweaked iteratively to grow a more sophisticated ABC model. In conclusion, I highly recommend this book and look forward to Gary's "ABC Management - Making it Work" which is next on my ABC must-read list.

Rating:
Summary: Activity-Based Cost Management -- An Exucutive's Guide
Review: This is an excellent, informative, easy-to-read reference book. I refer to it as a reference book as opposed to an end-to-end text book because you don't have to start at the beginning and read the chapters sequentially in order to understand what you are reading. In today's business world of capitalilzing on your supply chain by measuring internal processes as well as customer/vendor performances, executives need a tool such as this book to use as a quick "help desk" to learn how to measure complete processes to see how profitably resources are being deployed. Having a tool that explains how to figure out which of your customers, vendors, and internal processes are profitable to your business is invaluable.

Rating:
Summary: Activity-Based Cost Management -- An Exucutive's Guide
Review: This is an excellent, informative, easy-to-read reference book. I refer to it as a reference book as opposed to an end-to-end text book because you don't have to start at the beginning and read the chapters sequentially in order to understand what you are reading. In today's business world of capitalilzing on your supply chain by measuring internal processes as well as customer/vendor performances, executives need a tool such as this book to use as a quick "help desk" to learn how to measure complete processes to see how profitably resources are being deployed. Having a tool that explains how to figure out which of your customers, vendors, and internal processes are profitable to your business is invaluable.

Rating:
Summary: Activity Based Cost Management : An executive's Guide
Review: This is an very informative, book on ABC. It is good reference book for implementing Activity based costing. Today's business world of capitalizing supply chain by measuring internal processes as well as customer/vendor performances, managers need a tool and this helps to learn how to measure complete processes to see how profitably the resources are being utilized and could be measured so that We can see and comprehend the Profit line.

Rating:
Summary: Activity Based Cost Management : An executive's Guide
Review: This is an very informative, book on ABC. It is good reference book for implementing Activity based costing. Today's business world of capitalizing supply chain by measuring internal processes as well as customer/vendor performances, managers need a tool and this helps to learn how to measure complete processes to see how profitably the resources are being utilized and could be measured so that We can see and comprehend the Profit line.